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Chelsea Mixed-Use For Sale By Owner

$5,500,000

94 8th Avenue, New York, NY 10011

Active
Last Updated: 10/06/2025

2,850 sqft

Building Size

1,424 sqft

Lot Area

Details:
Building Size:    2,850 sqft
Lot Area:    1,424 sqft
Occupancy:    50%
Units:    2
Year Built:    1901
Zoning:    C1-6A
Tenancy:    Multiple
Floors:    3
Seller Financing:    No
Description:

Block & Lot: 0764-0074 / Zoning: C1-6A (Resi Eqiv. R7A)
Lot Dimensions: 19.37 x 73.5 Ft. / Lot Size: 1,424 Sq. Ft.
Building Dimensions: 19.37 x 73.5 Ft. / First Floor Built Full
Existing Building Footage: 2,850 square feet
Stories: 3 (Walk-Up) / Units: 2 (1 Residential & 1 Commercial)
FAR: 5.00 / Buildable Sq Ft. – 7,120 / Air Rights – 4,270
Taxes (23/24) - $29,987

Located in Chelsea near the meatpacking district on the east side of 8th Avenue between West 15th Street and West 14th Street, one block from Google headquarters. Property is primarily a 2-Family with One Store on the Ground Floor and a Residential duplex above. Built in 1901. Perfect for user investor. Currently 1 tenant, the Commercial unit on the first floor. The Residential duplex on floors 2 and 3 are currently vacant.

Commercial Unit – Pay-O-Matic Store – Monthly Rent $16,239 / Annual $194,876 with 3% annual escalations. Lease Expiration 11/13/2029 plus a 5-year option renewal

Residential Unit – Delivered Vacant, potential monthly Rent $14,000 / potential annual rent $168,000

Total monthly potential income $30,239 / Total annual potential income $362,868. Total Annual Operating Expenses – ($39,642)
Potential NOI: $ 323,226 Annually

Map:
Documents:
Title
Survey_94_8th_Ave__08-17-22.pdf
94_8th_Avenue_Setup2__09-26-25.docx
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Location
Gallery